Renewal report: Skuld reports continued strong growth

Skuld has reported a “successful renewal of its P&I policies for 2023/24”, with  mutual P&I gross tonnage increasing by 7.8% to “a record high of GT 103.3 million”.

The Norway-based insurer said that all mutual P&I renewal targets set by the Skuld board were met.

The insurer also reported “substantial growth in other lines of business, including hull and machinery, charterers, offshore/energy and FDD”.

Skuld president and CEO Ståle Hansen said that the insurer was “delighted to again have successfully renewed our P&I policies, aligned with all growth targets”.